Texas + Apartments | December 16, 2020

Megatel Bringing Manmade Lagoon to McKinney

Megatel Homes LLC secured 204 lots in the first phase of the development of the Venetian Lagoon community in the Dallas suburb of McKinney. Once completed, the $450-million-plus project will feature approximately 1,200 lots, including multifamily and single-family homes located alongside a manmade lagoon.

“By offering homes equipped with both the traditional top-of-the-market multifamily amenities and an idyllic, beachfront lifestyle, we are able to deliver unparalleled value to the community’s residents,” said Zach Ipour, co-founder. The McKinney project will be Megatel’s first with a manmade lagoon.

Ipour noted that amid the coronavirus pandemic, several businesses have embraced more flexible work-from-home arrangements, while mortgage and interest rates are at historic lows.

“These factors have led to an influx of urban dwellers and apartment renters searching for homes to purchase in suburban markets across the United States, positioning McKinney, a suburb of Dallas, as an ideal location for this project,” he said.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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